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October 2018

CCIS NEWS

Innovation Day 2018 – 10 golden awards and special recognition for a young company

 

On 26 September, the CCIS, for the 16th time, bestowed national recognition awards for the most innovative companies and individuals in companies. The CCIS award for best innovation on a national level is considered to be the highest award for innovative achievements of Slovenian companies and promotion of innovation in Slovenia. The result of the national final with 197 innovations and 772 innovators participating at the regional level is as follows: 10 golden awards, 1 special award, 28 silver awards and 3 special awards for potential innovations of the circular economy. The public choice award for best innovation of the year was also given.

Developing competencies for future challenges

 

The development of human resources is one of the most important elements in boosting competitiveness as well as successfully managing employees. Participants of the previous consultation agreed that investment in technology is not enough to achieve good financial results, as investment in human resources is needed as well. The event on 4 October was organised under the auspices of the Strategic Council for Metallurgy and the patronage of the Strategic Research Innovation Partnership MATerials as end PROducts (SRIP MATRO) led by the CCIS.

20th Congress of Accounting Service Providers

 

On 11 and 12 October, the anniversary 20th congress of accounting service providers was held in Laško, which is hosting Slovenian accounting experts every year. The event is organised by the CCIS - Chamber of Accountant Services (CAS). This year’s congress recorded a record number of participants, which indicates its importance as an educational and social event, recognised through its high quality programme and renowned guests.

 
UPCOMING EVENTS

26 October: SLOVENIA – A COUNTRY OF REFERENCE FOR GREEN MOBILITY

There will be a consultation organised at the opening of an accompanying exhibition titled SLOVENIA – A COUNTRY OF REFERENCE FOR GREEN MOBILITY. The consultation will be attended by European Commissioner, Ms Violeta Bulc, Foreign Minister Dr. Miro Cerar and Dr. Stephan Neugebauer, BMW, ERTRAC President, as well as other ministerial representatives, business representatives and the SRIP ACS+.

8 November: Portorož: 29th Real Estate Management Consultation

The consultation aims to review and evaluation of the situation in the housing and real estate field in the country. Besides, it offers an opportunity for the experts and other actors in this field to acquaint themselves with the activities for realising the adopted legislation as well as find answers to certain important issues facing the housing or spatial policy of the state.

14–15 November: International Meeting of the Slovenian Paper Industry 2018 – Paper in the digital age.

Paper symbolises sustainability, and paper industry is an example of sustainable functioning. It introduces an increasing number of circular economy elements and is open to innovation. Since changes have become part of everyday life in the times of digital transformation, we will gather some information on the novelties in the field and the environment: new situation of the market in raw materials and energy products, needs to improve material and energy efficiency, new sales channels and new consumption habits as well as changes in the wider environment that we are experiencing and that also shape the future of the paper and paper processing industry.

28 November: 13th Slovenian Business Summit

Our goals are ambitious: €60,000 value-added per employee, €50 billion in exports and €2,300 monthly salary per employee by 2025. We can only achieve them through excellence, for which changes in both the environment and within companies are needed. Measures that, in many places, already contribute to excellence, high value-added and high quality of life. At the event we will try to find a FORMULA FOR ACHIEVING ECONOMIC EXCELLENCE – choosing and defining the most urgent measures to achieve the given goals.

 
BETTER REGULATION

At the start of negotiations for higher wages in the public sector

In the business sector, the negotiations will be monitored closely, as the easing of the demands of the public sector unions in order to maintain the current social peace could increase public finance risks and affect the medium-term economic development of our country.

 
DATA SECTION

Positive expectations regarding the export in 2019

According to CCIS analytics, the companies surveyed in the “European survey of the economic environment in 2019” are optimistic about 2019. Although the clear majority expects that their general business conditions for their companies will deteriorate (this is the estimation of as much as 40% of the companies). They are the most optimistic about the forecast for the sales to foreign markets. 50% of them expect an increase in export, while only 6% expect a decrease (the common balance being +44 pp). Despite the slower growth in world trade, commercial trade in Slovenia is increasing. In the first eight months this year, the export of goods increased by 11.3% to €20.4 billion. In relative and absolute terms, the growth in export to EU countries has increased this year more (+11.7%) compared to the export to non-EU countries (9.9%). The export to EU-members represented 77.5% of total export. In the first eight months of 2018, Slovenia imported for 10.9% more goods, which represents €19.9 billion. Also the Manufacturing Purchasing Managers Index, measuring manager’s expectations for production, indicates a slight cool-down. In September, it amounted to 53.2 and is now at the bottom according to the last 25 months. Despite a persistent decline, its value above 50 signifies growth. More than export, which is only rising slightly, the growth in joint procurements and production is strengthening, whereas the confidence is at its 3-year bottom due to the world trade. The Manufacturing Purchasing Managers Index is at the 25-month bottom in Germany, Spain and Italy and at a 23-month bottom in Austria, which is actually above 50 and represents growth.

This year, short-term indicators for Slovenia in the first eight months are still well above the level of the previous year. The dynamics is only somewhat moderate in the food trade and public road transport. The export of goods represents an 11.3% growth and the import a 10.9% growth. Also the trade in services is above the level of the last year, especially the export of transport services and travels. Foreign demand is also encouraging the growth in production (+7.2%). Besides, service activities are stimulating activities (8.7% growth), particularly rental and leasing activities, business consultancy services and architectural and engineering services. The year-on-year inflation rate (IX 2018-IX 2017) reached the level of 2% in September. The labour market is strengthening, the number of employees is higher by 2.9% during this year and the ILO unemployment rate amounted to 5.3% in August.

Below you can find some statistical data for Slovenia:

 

Growth rates in % - in comparison to the same period of previous year

Latest data

GDP – real growth

4.3

2.q 2018, S.A.*

GDP – forecast for 2018**

4.5

Aug. 2018

Consumer prices (HICP)

1.8

Aug. 2018

Exports of goods

9.2

Aug. 2018

Imports of goods

4.1

Aug. 2018

Industrial production (manufacturing)

6.9

Aug. 2018

Retail sales w/o motor fuels (real)

2.1

Aug. 2018

Construction (real)

33.4

Aug. 2018

Exchange rate EUR/USD

1.1659

Sept. 2018

Diesel (EUR/litre), VAT incl.

1.373

Valid from Oct. 09th, 2018

*seasonally and calendar adjusted
**Eastern European Consensus


 
Triglav